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MARRIOTT INTERNATIONAL USD 6.1YR CRP BBB FIXED RATE SYNDICATED BROWNIE BOND MARKET PLACEMENT (US571903BL69)

Post Date: 28 March 2023
Marriott International has priced a syndicated USD denominated Brownie market bond which matures in 2029. 

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Issuer Details
Issuer Marriott International Inc
LEI 225YDZ14ZO8E1TXUSU86
Industry Hotels, Resorts and Cruise Lines
Country United States
Issuer Description Marriott International, Inc. is a leading worldwide hospitality company with some 2,600 owned or franchised properties in 65 countries. Its hotel brands include Courtyard, Fairfield Inn, Marriott, Renaissance, Residence Inn, SpringHill Suites, and Ritz-Carlton. Other operations include Marriott Vacation Club International (time-share resorts) as well as 26 golf courses and 18 hotel reservation centers. It is in the process of selling two divisions, Marriott Senior Living Services (senior living communities), and Marriott Distribution Services (distribution of food and related items).. Marriott International Inc. of Maryland is a worldwide operator and franchisor of hotels. The Company franchises lodging facilities and vacation timesharing resorts under various brand names. Marriott also provides services to home and condominium owner associations for projects associated with several of its brands.
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Trade Details
Security Type Bond
Amount USD [Login to see full details]
Total Amount including taps USD [Login to see full details]
Total Amount Outstanding USD [Login to see full details]
Total Order Book USD [Login to see full details]
Structure Fixed Rate
Coupon [Login to see full details]
Reoffer [Login to see full details]
It came at a spread of [Login to see full details] in the Brownie bond market.
Term [Login to see full details]
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Maturity Date [Login to see full details]

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A Brownie bond is an USD-denominated bond issued by a United-States entity in the USA Domestic Bond market.

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